December 12, 2020

How I Discovered My Student Loan Forgiveness with Chipper

This post was written by one of Chipper’s ambassadors, Meleah Campbell, from Meleah Campbell Teach.

“Did you know that the average student loan debt for teachers who have a Master’s degree is around $50,000? Did you also know that teachers can qualify for two student loan programs? With the average public school teacher salary being about $62,000, student loan forgiveness is definitely something worth exploring!

If you’re like me, the only option you had to attend university was to take out student loans. As of recently I am starting to become more financially savvy and that’s why I was excited when I learned that part of my student loans could be forgiven. When Chipper contacted me, I was happy to learn about programs that could help teachers with student loan forgiveness. I’ll be honest, at first I thought it was too good to be true, but after a video conference, Jessica, a Chipper Concierge, showed me how I am on track to have $5,000 worth of loans forgiven through the Teacher Loan Forgiveness program. Chipper can show you what forgiveness program is best for you too! There are various requirements for different loan forgiveness programs including the Teacher Loan Forgiveness Program and the Public Service  Loan Forgiveness Program and I urge you all to explore which option is best for you with Chipper.

The Teacher Loan Forgiveness Program is best if you owe less than $30,000 and have already made the required 5 years of consecutive payments. This program indicates that if you are a full-time teacher at a Title 1 school, you may be eligible for $5,000 or $17,500 off of your student loans.

Public Service Loan Forgiveness Program is an option if you owe more than $30,000. After 120 qualifying payments you may be eligible for complete student loan forgiveness! You can also cap your required monthly payments based on your monthly income. This program is available to all public service employees, not just teachers.

Be sure to consult with a Chipper Concierge to see which student loan forgiveness program might be best for you!

Use Chipper for Lower Payments

Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.

Use Chipper for The Best Path to Forgiveness

Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.

Use Chipper for Round-Ups

Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.

Use Chipper for Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.

Use Chipper for Teacher Loan Forgiveness (TLF)

The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.

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